Mississippi House Bill 47 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Enact The Uniform Prudent Management Of Institutional Funds Act; To Provide The Standards Of Conduct For The Management And Investment Of Funds Held By An Institution Exclusively For Charitable Purposes; To Provide That An Institution May Appropriate For Expenditure Or Accumulate So Much Of An Endowment Fund As The Institution Determines Is Prudent For The Uses, Benefits, Purposes And Duration For Which The Endowment Fund Is Established; To Authorize An Institution To Delegate To An External Agent The Management And Investment Of An Institutional Fund To The Extent That An Institution Could Prudently Delegate Under The Circumstances; To Provide For The Release Or Modification Of Restrictions On Management, Investment Or Purpose Of An Institutional Fund; To Repeal Sections 79-11-601 Through 79-11-617, Mississippi Code Of 1972, Which Govern The Management Of Institutional Funds; And For Related Purposes.

Uniform laws; enact Uniform Prudent Management of Institutional Funds Act.

Rep. Bryant Clark [D]

Rep. Bobby Moak [D]

Rep. Omeria Scott [D]

Date	Chamber	Action
2011-02-01		Died In Committee
2011-01-04		Referred To Judiciary A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0047.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0001-0099/HB0047IN.htm